Note: This document has been translated from the Japanese original for reference purposes only. In the event ofany discrepancy between this translated document and the Japanese original, the original shall prevail.

June 23, 2022
Company Name: Asahi Broadcasting Group Holdings Corporation
Representative: Susumu Okinaka, Representative Director and President(Securities Code: 9405, Tokyo Stock Exchange Prime Market)
Inquiries: Takashi Matoba, General Manager, General Affairs Division(TEL: +81-6-6458-5321)

Notice of Endorsement of Task Force on Climate-Related Financial Disclosures(TCFD) Recommendations and Information Disclosure

Asahi Broadcasting Group Holdings Corporation announced its endorsement of theTask Force on Climate-Related Financial Disclosures (TCFD)* and disclosure ofinformation based on TCFD recommendations as follows.
1. Endorsement of TCFD Recommendations
Asahi Broadcasting Group Holdings Corporation views climate change as one of themost important management issues facing the ABC Group. The Company believes thatthe TCFD provides an effective framework for implementing information disclosure
related to climate change issues, etc. The Company declared its endorsement of theTCFD recommendations in May 2022.
In line with the TCFD recommendations, the Company will continue to disclose
information on the impact of climate change on the ABC Group business activities andthe measures taken to address the issues.

*Task Force on Climate-related Financial Disclosures (TCFD)
A task force established by the Financial Stability Board (FSB) in December 2015 at the request of theGroup of Twenty Finance Ministers and Central Bank Governors (G20) to reduce the risk of financial
market instability as a result of climate change. The final provisions were published in June 2017,
recommending the disclosure of information on the impact of climate change on business activities, as well
as specific responses and strategies. This is a key point of information disclosure in the Revised CorporateGovernance Code of 2021.

2. Disclosures Based on TCFD Recommendations
The information to be disclosed based on TCFD recommendations is shown in theattachment.

Report on Climate Change Response Based on TCFD Recommendations
June 23, 2022
Asahi Broadcasting Group Holdings Corporation ("the Company") has been studying and responding to thedisclosure requirements of the Task Force on Climate-Related Financial Disclosures (TCFD) established bythe Financial Stability Board (FSB), including climate change-related governance, business impacts andresponse measures, and risk management.

1. Governance
The Company’s board of directors ("Board of Directors” or “Board”) established the Sustainability
Promotion Committee to study issues related to sustainability and to pursue responses to these issues. The
Sustainability Promotion Committee is chaired by the Representative Director and President. The committee
consists of all officers responsible for operations and representatives from major group companies. ADirector, Executive Officer responsible for sustainability manages the affairs of the committee. Asorganization under the Sustainability Promotion Committee, the Company established the Environmental
Subcommittee to analyze scenarios, risks, and opportunities related to climate change. The subcommittee
also formulates response measures and makes recommendations to the Sustainability Promotion Committee.
The Sustainability Promotion Committee meets quarterly (five times during fiscal 2021) to assess the current
situation regarding climate change and to consider responses based on the recommendations of theEnvironmental Subcommittee, etc. Outcomes from these meetings are reported to and set as an agenda itemby the Board of Directors through the channel of the Board of Executive Officers. After deliberation by theBoard of Directors, the Board of Executive Officers issues instructions to the Sustainability Promotion
Committee and each group company.

2. Strategy
In accordance with the guidance recommended by the TCFD, we analyze and assess the impact ofclimate change on the Company through scenario analysis methods on the business environment throughthe year 2040. We also examine our response to the risks and opportunities that we believe will have animpact on our businesses.
1) Scenario Analysis Overview
Scope ofCoverage

Consolidated group companiesTimeHorizon

Present day through 2040
a. Scenario in which the increase in global average temperature
at the end of the century is held within 1.5°C above
preindustrial levels (1.5 °C Scenario)

Scenario
Framework

Reference information
 IEA WEO2021 NZE, SDS Scenario
 SSP1-1.9,2.6 from Working Group I of the IPCC Sixth Assessment
Report Otherb. Scenario in which the increase in global average temperature
at the end of the century is held within 4°C above preindustriallevels (4°C Scenario)
Reference information
 IEA WEO2021 STEPS Scenario
 SSP2-4.5, SSP3-7.9, SSP5-8.5 from Working Group I of the IPCC
Sixth Assessment Report A-PLAT S8 Climate RCP8.5
 Other2) Assumptions Regarding Changes in the Business Environment Related to Climate Change
a. Changes in the business environment assumed under the 1.5 °C Scenario (mitigation of climatechange)
The rate of rise in atmospheric greenhouse gases will slow as companies comply with stricter
emissions reduction regulations. Average global temperatures have already risen 1.1°C above
preindustrial levels. And the average temperature in the Kinki region of Japan around the year 2040
will be between 0.5°C and 1°C higher than today. Typhoons and cyclones will become stronger, andfloods will occur twice as frequently as now.
Increased public interest in climate change will lead to behavioral and social change among viewers,listeners, and clients. Media companies who do not respond to climate change will be subject toincreased scrutiny. Client business activities will change in various ways. These changes will resultin altered commercial placement plans among existing clients and an increase in new client
commercial placements.
Electricity prices will remain flat or decline over the long term, but may rise in the short term due tosupply-demand imbalances during the transition to renewable energy.

b. Changes in the business environment assumed under the 4 °C Scenario (adaptation to climatechange)
In the absence of strict greenhouse gas emission regulations, greenhouse gases in the atmosphere willcontinue to increase at an accelerating rate. Average temperatures in the Kinki region of Japan willrise by roughly 2 °C above the current by the year 2040. Typhoons and cyclones will cause
windstorms to intensify and flooding will occur about four times more frequently than today. The
government will implement stronger measures against the increasingly severe wind and flood
damage. Due to rising temperatures, the number of people hospitalized from heat stroke will increase
to twice the current level. Further, previously rare mosquito-borne and other infectious diseases willincrease.
Fossil resource prices and electricity rates will rise. The frequency and increase in damage due tosevere wind and floods will increase, forcing businesses to respond via extra-normal measures andsuspend operations. In particular, storms and storm surges will increase the risk of flooding in ourheadquarters, which is situated on the banks of the Dojima River.
3) Major Risks and Opportunities Related to Climate Change Response
We identified risks and opportunities that may arise from changes in the business environment underthe 1.5°C and 4°C scenarios, estimating the degree of financial impact. As a result, the table below
shows the risks and opportunities estimated to have a significant impact on our businesses.
The scenario analysis indicates that physical risks could manifest over the long term in our business,particularly in the housing exhibition site and golf club operation businesses. At the same time, wefound new business opportunities across a wide range of areas, including program content anddelivery methods, as viewers, listeners, and clients evolve in awareness and businesses change in
response to global trends toward climate change. We have established policies for each risk andopportunity to respond appropriately.
We define the phrases short term, medium term, and long term as 1-3 years, 4-10 years, and 11-20(approximate) years, respectively. Risk classifications are in accordance with the TCFD.
Risks With Potentially Significant Financial Impact
Government Policy andStricter GHG emission control
Regulatory Risks
standards established, forcing
companies to invest in emission
reductions and technologicalimprovements.
Physical Risk
Unexpected occurrence and severity ofwind and flood damage, as well as
higher summer temperatures, increase
the number of program changes andstrain internal personnel and various
resources required to respond to crisisrelated reporting, production,technology, etc.
Increase in personnel-related and othercosts due to damage to housing
exhibition sites and buildings caused bysevere storms and other disasters. Thiswill also impact the ability to attract
customers negatively.
Decrease in the number of customers
due to high temperatures in summer athousing exhibition sites.
Strengthening trend toward a decreasein the number of visitors to housing
exhibition sites due to increasingly
severe storms and other disasters.

Time Frame
Short/LongTerm

Long TermLong TermLong TermLong Term

Main Policies to Address
Sustained implementation of theGroup's ABC Green Declaration andother measures to transition to theuse of CO2-free electricity, etc.
Maintaining broadcasts and meeting
responsibilities as a media outlet,
while allocating more investment
funds to human capital and otherrelated capital to cope with theincreased personnel burden andincrease various resources.
Provide venues that are highly
resilient to disasters. Encourage
exhibitors to build disaster-resistantexhibition buildings.
Further restructuring of businessmodels, including disaster-resistant
online support.
Restructure business model toaccommodate both in-person andvirtual customers in normal ordisaster situations.

Golf courses suffer damage tobuildings, facilities, and playing
surfaces due to increasingly severe
storms and other disasters, resulting in
an increase in personnel and othercosts.
Storms, etc., raise water levels,
increasing the risk of flooding in ourheadquarters, which is situated on thebanks of the Dojima River.

Opportunities Presenting Significant Positive Financial Impacts
Markets/Products/Services Changes in customer behavior andsocial changes due to the effects ofclimate change could lead to changes inexisting client commercial placement
plans and new client commercialplacements.
Viewers and listeners change lifestyles
and awareness in adapting to an era offrequent disasters. This will increase theappeal of information related to theglobal environment and nature,
increasing the need for related content.

Increased demand for news content
could lead to higher
viewership/listenership for news
programs, while also increasing theappeal of highly immediate online
content.
TV broadcasting companies and otherbroadcasting companies may gain
renewed trust from society byaddressing climate change fully. This
could lead to the smooth developmentof content and other businesses.
Create climate change-related
programming and content. Significant
needs likely to arise from among
viewers, listeners, and streaming
service users.
Disaster-resistant housing, ZEH, ZEB,etc. will likely attract greater attention,and new customer needs will increase
further.

Long TermLong Term

Time Frame
Medium/Long
TermLong TermLong TermLong TermLong Term

Medium/LongTerm

Reinforce and respond withfacilities, etc. that are highly resilientto disasters.

Implement measures to prevent
disasters caused by flooding damage
to company buildings and otherfacilities. Reexamine and reformulate flood response measures,etc., under the current business
continuity plan.
Main Policies to Address
Adapt to client businesses due tomarket changes caused by climatechange. Consider new client responsemodels at early stages, as well asother business opportunities.
・Review and develop highly
informative and relevant content.
Reconsider and implement
programming.
・Develop technological innovations
that respond adequately to front-line
disaster coverage and location
filming.
Research both broadcasting andstreaming. Develop three-dimensional
broadcast mechanisms further,integrating TV viewer needs with
online user needs.
Research businesses that respond toclimate change at as early a stage as
possible, considering the many years
required to develop a business.
Develop human resources with indepth knowledge of climate change
in response to the rising need for
production and reporting of lifesaving information on a daily basis.
Pursue various disaster-resistantmeasures in collaboration withhousing manufacturers and builders.

4) Resilience for Climate Change Mitigation and Adaptation
We analyzed our businesses under two scenarios: the 1.5°C Scenario, which assumes climate change
mitigation, and the 4°C Scenario, which assumes that climate change becomes more intense. As aresult, we identified issues of relatively high impact related to government policy, regulatory risks,physical risks. We have already taken action with regard to government policy and regulatory risks.
Since physical risks are medium term and long term in nature, we believe we can avoid these risks
through measures taken in the future. Therefore, we believe that we have already established acertain level of resilience with respect to climate change.

5) Greenhouse Gas Emission Reduction Plana. Scope 1 and 2
In January 2022, we announced the ABC Green Declaration to contribute and respond todecarbonized societies. The main initiatives under this declaration include converting effectively
all electricity used at our Osaka headquarters building to electricity derived from renewableenergy sources in April 2022 (Scope 2). This measure is part of our aim to achieve CO₂-freeelectricity by the year 2025. In April 2022, we began converting to LED lighting in our offices,studios, and other facilities. By completing this transition in 2025, we will contribute to thereduction of CO2 emissions through lower electricity usage. We will also continue with solar
power generation projects already underway since 2013.
We are in the process of calculating data on energy consumption and gas emissions for Scope 1
and 2. We will refine this data further and engage in more precise reductions based on ourresults.
b. Scope 3
We continue to collect data on greenhouse gas emissions in the supply chain related to ourbusiness activities (Scope 3). The details of our efforts here will be disclosed as appropriate.

3. Risk Management
The Sustainability Promotion Committee and its subordinate organization, the Environmental
Subcommittee, play a central role in identifying risks and studying response measures for sustainability
in general, including the group’s response to climate change. The Environmental Subcommittee also
conducts scenario analyses compatible with TCFD, reporting the results to the Sustainability Promotion
Committee. Risk-related information of the Company, including scenario analysis, is also reported tothe Board of Executive Officers, which is in charge of risk management for the entire group. The Boardof Executive Officers examines major risks for the group and, if necessary, examines and manages theimplementation of proactive preventive measures. The details of matters examined by the Board of
Executive Officers is reported to the Board of Directors for deliberation. After deliberation by theBoard of Directors, the Board of Executive Officers issues instructions to the Sustainability Promotion
Committee or each group company.

4. Indicators and Targets
1) Indicators and Targets for Greenhouse Gas Emissions Reductions
a. Scope 1 and 2 greenhouse gas emissions to date are as follows.
We are currently calculating Scope 3 data, and we will disclose emissions data as soon as thecalculation is completed.

Scope of Indicator Data

Data Year

CO2Emissions(t-co2)**Certain ABC Group offices and facilities in Osaka, Tokyo, etc. *2013

2014

2015

2016

2017

2018

2019

2020

Scope11158.8

891.2

847.7

843.6

705.4

689.7

695.7

706.8

Scope28002.58039.38061.87842

7723.76574

5257.34902.2

Total

9161.38930.58909.58685.58429.17263.75953

5609*ABC Head Office, Takaishi and Ikoma Transmission Stations, The Tower Osaka Radio Relay Room,Nakanoshima Festival Tower Radio Relay Room, Relay Stations (generally), Kobe/Kyoto Bureau, abcd Dojima
Building (5F, 6F), Tokyo Office, Nagoya Branch Office, ABC Annex Building** Data are figures reported to the Ministry of Economy, Trade and Industry, the Ministry of Internal Affairs and Communications, and theMinistry of Land, Infrastructure, Transport and Tourism. Data for electricity is calculated using adjusted emissions factors from List ofEmission Factors by Electricity Provider published by the Ministry of the Environment of Japan.

The reduction target figures for Scope 1 and 2 are currently under internal adjustment and will be disclosed
after they are finalized.
b. The following table shows the actual contribution to greenhouse gas emission reductions (figures forrenewable energy electricity supplied by solar power generation projects) from the Company’s Takaishi
Solar Power Plant*.

2017
Data Year(May 2017 toMarch 2018)

2018

2019

2020

2021

Amount of electricity generated (kWh)2,986,664

3,216,127

3,240,767

3,273,416

3,240,581

1,520

1,344

1,082

1,041

1,137

CO2 Emissions Reduction Contribution(t-co2)***Takaishi Solar Power Plant: Located in the Takaishi Radio Transmission Station (Ayazono 4-chome, Takaishi City, Osaka Prefecture)**Calculated using adjusted emission factors (Kansai Electric Power Co., Inc.) from the List of Emission Factors by Electricity Provider
published by the Ministry of the Environment.

2) Indicators and Targets Necessary for Managing Risks and Opportunities
Indicators and targets necessary for the management of risks and business opportunities will be set after
we determine specific measures to address each risk and opportunity.